Prime Minister Narendra Modi inaugurated the Indian Mobile Congress in New Delhi, urging global investors to “Make in India.” Highlighting India’s rapid digital growth, Modi said the nation offers huge opportunities in semiconductors, electronics and 5G
PM Modi. Pic/PTI
Prime Minister Narendra Modi, on Wednesday, before leaving for Mumbai on October 8, inaugurated the Indian Mobile Congress in New Delhi. While appreciating the initiative, the Prime Minister renewed his pitch for Make in India across sectors -- from mobiles to semiconductors and electronics – saying the government is accelerating the pace of reforms, offering the best investment opportunities.
As reported by news agency PTI, Prime Minister Modi said that India's democratic setup, the government's welcoming approach and ease of doing business policies have helped the country attain an image of an investor-friendly destination.
The Prime Minister further said that, "This is the best time to invest, innovate and make in India," as cited by news agency PTI.
Narendra Modi, while indicating that the coming years can be a great time, said he had announced on August 15 that this year would be a year of big changes and big reforms.
Without elaborating much about the initiative, PM Modi said, "We are increasing the pace of reforms," as cited by news agency PTI.
Just last month, goods and services tax (GST) rates were rationalised, making common-use items from shampoo to television sets cheaper.
While praising the digitalisation and transition in the technology sector, PM Modi said that India offers immense opportunities in the manufacturing of semiconductors, mobiles, and electronics.
He further added that “Industry, innovators and startups need to step up now,” as cited by news agency PTI.
Listing tremendous progress made by India in the digital space in the last decade, he said 1 GB of wireless data in India is cheaper than the cost of one cup of tea.
The Prime Minister further added that "Digital connectivity in India is no longer a privilege or a luxury. It is now an integral part of every Indian's life," as per PTI. Adding that India today has the world's fastest-growing developer population.
Modi further said that India has the world's second-largest telecom market and also the second-largest 5G market and the manpower, mobility and mindset to lead, reported PTI.
Considering that India has launched its Made in India 4G Stack, Modi said that this is a major indigenous achievement for the country. He further added that, “With this, India has joined the list of just five countries in the world that possess this capability. The country that once struggled with 2G today has 5G reaching almost every district, as per PTI.
(With inputs from PTI)
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